ReadSoft: Increased cash offer from Hyland Software UK

On 18 June 2014, Hyland Software UK Ltd. (”Hyland UK”), a company
controlled by Hyland Software, Inc., announced a cash offer to the
shareholders of ReadSoft AB (publ) (”ReadSoft” or the “Company”) to
transfer all shares in the Company to Hyland UK at a price of SEK 42.86
in cash per share.

Prior thereto, on 6 May 2014, Lexmark International Technology S.A.
(“Lexmark International Technology”), a wholly-owned subsidiary of
Lexmark International Inc., had announced a cash offer to the
shareholders in ReadSoft, whereby Lexmark International Technology
offered SEK 40.05 in cash per share. In connection with the offer,
ReadSoft entered into a transaction agreement with Lexmark International
Technology, which was disclosed in its entirety in Lexmark International
Technology’s offer document. The agreement included i.a. a provision
that the Company was not to conduct discussions or negotiate with any
other party regarding a competing offer or otherwise support such offer
unless this represented at least 7 percent higher value for the
shareholders than the offer or a revised offer from Lexmark
International Technology. Hyland UK’s offer of 18 June 2014 represented
a premium of 7 percent compared to Lexmark International Technology’s
offer.

On 19 June 2014, Lexmark International Technology increased the price in
its cash offer to SEK 43.00 per share in the Company.

Hereafter, on 14 July 2014, Lexmark International Technology announced a
new higher cash offer to the shareholders of the Company with an offer
price of SEK 50.00 per share and simultaneously withdrew its previously
announced cash offer of SEK 43.00 per share. In connection herewith
ReadSoft entered into a transaction agreement with Lexmark International
Technology containing substantially the same terms and conditions as the
previous transaction agreement.

Yesterday Hyland UK announced an increase of the price in its offer to
SEK 55.00 per share in ReadSoft. The increased offer price represents a
premium of 10.0 percent compared with the offer of SEK 50.00 per share
announced by Lexmark International Technology on 14 July 2014.

It follows from Hyland UK’s press release that the acceptance period for
its offer commenced around 11 July 2014 and is expected to end around 5
September 2014 with expected settlement around 10 September. Hyland UK
further informs that it around 13 August 2014 expects to make public an
amendment to its offer document. It is also stated that Hyland UK has
concluded that no clearance from authorities is necessary in order to
complete its offer and that, as a result, the offer is no longer
conditional upon receipt of any clearance from authorities.

It further follows from Hyland UK’s press release that, as was also
communicated in its press release 7 July 2014, Hyland UK controls about
10.9 percent of all outstanding shares in ReadSoft.

“Needless to say, we appreciate the great interest in ReadSoft from the
two bidders. They are serious companies and state good reasons why they
would be good future owners of ReadSoft,” comments Göran E Larsson,
chairman of the board of ReadSoft.

ReadSoft’s board of directors intends to not later than two weeks prior
to the expiry of the acceptance period of Hyland UK’s offer announce its
opinion of the offer, and reasons for this opinion.